Nearly 29% of Redfin.com Users Searched For Homes Outside Their Area in July and August

SEATTLE, Sept. 24, 2020 /PRNewswire/ — (NASDAQ: RDFN) — Nationwide, 28.7% of Redfin.com users looked to move to another metro area in July and August, according to the latest migration report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That is up from 27.4% in the second quarter and the highest share since Redfin started tracking migration in 2017. The analysis is based on a sample of more than two million Redfin.com users who searched for homes across 87 metro areas so far in the third quarter of 2020.

The national housing market is booming as the coronavirus pandemic changes what people look for in a home, such as more space for work and family life. Those are also reasons why people are continuing to leave expensive coastal areas like New York, San Francisco and Los Angeles for places like Sacramento and Austin, where homes

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